Movers Roundup: Borders, Sangamo BioSciences
By
Associated Press
June 6, 2008
|
Among the stock activity stories for Friday, June 6, from AP Financial News:
NEW YORK (AP) _ Shares of Borders Group Inc. declined Friday along with the broader market, despite analyst optimism over the sale of some of the bookseller's international businesses.
NEW YORK (AP) _ Shares of Sangamo BioSciences Inc. plunged Friday after the company said it will double the size of a midstage study and increase dosing for its nerve-disorder drug candidate, raising speculation that the drug is not meeting its intended treatment goal.
NEW YORK (AP) _ Shares of Cascade Corp. fell sharply on Friday after the company, which makes components for lift trucks and other construction machinery, posted a lower first-quarter profit and said it expected slower business for the rest of the year.